- Students who park their cars using YourParkingSpace.co.uk could save an average of 39 percent on their parking bill by parking on rented driveways
- Savings of £234 a month can be found at Cardiff university, representing a smart saving of 66 percent
- UK homeowners who live near other popular universities could earn an average of £180 a month by renting out their driveway parking spaces
Savvy students looking to spend money wisely this academic year could save an average of 39 percent on car parking fees by parking on rented driveways close to campuses, rather than using other traditional pay-on-day parking spots.
Research conducted by the online parking portal, YourParkingSpace.co.uk, discovered that Cardiff, Nottingham, and Sheffield were the top university destinations where students could capitalize on parking savings.
Students in Cardiff could potentially save a whopping £234 a month when using the site to pre-book a car parking spot over a five-day, four-week period. Meanwhile, students at Newcastle University and the University of Nottingham could save an average of £176 and £177 per month, respectively.
Harrison Woods, CEO at YourParkingSpace.co.uk, commented: “Amid the deepening cost of living crisis, students are likely to be struggling even more than they usually would. However, with some forethought, smart-thinking students who drive to campus can ensure that they keep their motoring expenses as low as possible.
“Many universities offer more parking permits than spaces at their campuses, and with limited public parking near university sites, YourParkingSpace.co.uk offers a more cost-effective alternative solution. Students can now park at an affordable rate, and still within walking distance of their university.”
The research also revealed the top university locations where homeowners could make the most money from their driveways. Perhaps, unsurprisingly, homeowners near the University of London’s central hub could earn the most by renting out one of their spots, earning an extra £110 a week. On average, across the country, the research showed a household could earn up to £45 a week.
Harrison added: “The benefits of our platform encompass both the driver and the owner of the private car parking spot, and we’re the only website in the UK which actively promotes discounted pre-booked parking.”
“All across the country, there is money to be made and savings to be had through some careful planning. Because YourParkingSpace.co.uk offers longer-term rentals, you can also ensure that you always have a spot to park during these tough times.”
To learn more about parking on a rented driveway, garage, or secure parking space, visit www.yourparkingspace.co.uk.
YourParkingSpace.co.uk looked at universities with the highest enrollment numbers in each region of the UK before selecting five parking locations within a certain radius. This radius would then be used on YourParkingSpace.co.uk’s site to help create an average price to compare against. Prices were set as 8-hour blocks during peak times.
About YourParkingSpace Solutions
YourParkingSpace is the UK’s fastest-growing parking operator transforming isolated parking assets into connected mobility hubs, whilst also operating the UK’s leading on-demand consumer parking marketplace. The business processes thousands of advance and on-demand parking reservations daily across the UK, generating £48.5 million for its clients to date. Its 85,000 space providers range from individual driveway owners through to household names such as Premier Inn, Tesco, and Morrisons. YourParkingSpace has been placed 86th in the Tech Track 100, the UK’s fastest-growing technology companies, and 546th in the FT1000 annual list of Europe’s fastest-growing companies. The business has also recently been acquired by the global leader in urban mobility, Flowbird.